Bitcoin Reclaims $76K, Hits Two-Month High After Trump Signals Iran War May End Soon
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Key points:
Bitcoin rose above $76,000 for the first time since early February after President Donald Trump said the Iran war “should be ending pretty soon.”
Retail sentiment on Stocktwits remained in ‘bullish’ territory over the past day, with traders pointing to renewed upward momentum.
Some retail traders expect Bitcoin to move back toward the $80,000 level after reclaiming the mid-$70,000 range.
Bitcoin (BTC) rose above $76,000 on Friday morning for the first time since early February after President Donald Trump said the war in Iran “should be ending pretty soon.”Speaking at an event in Las Vegas on Thursday, Trump said the conflict was “going along swimmingly.” Bitcoin’s price rose 1.8% over the last 24 hours to around $75,700, after paring gains from an over two-month high of $76,200. Retail sentiment around the apex cryptocurrency on Stocktwits trended in ‘bullish’ territory over the past day, accompanied by ‘normal’ levels of chatter.
Retail traders on the platform signaled optimism that Bitcoin is regaining upward momentum, with expectations of a move back toward the $80,000 level after reclaiming the mid-$70,000 range.
https://www.stocktwits.com/Mr_Wunderful/message/650558127
https://www.stocktwits.com/askmenyc/message/650557682
Solana, Cardano Lead Gains Among Major Tokens
Among the top 10 cryptocurrencies by market capitalization, Solana (SOL) and Cardano (ADA) led gains, followed by Dogecoin (DOGE). Solana and Cardano both gained 3.8% in the last 24 hours. SOL’s price crossed $88, while ADA’s price recovered to $0.25. DOGE’s price rose 3% over the last 24 hours, but remained below the $0.10 threshold.
Ripple’s XRP (XRP) and Ethereum (ETH) led gains for the week, both up around 7.7% in the last seven days. XRP’s price was up 2.1% on the day, still below $1.50. Ethereum’s price edged 0.8% higher, lagging behind Bitcoin, to around $2,300.
The overall cryptocurrency market moved 1.6% higher in the last 24 hours to around $2.65 trillion. CoinGlass data showed $539 million in liquidations over the past day, with $300 million in short positions wiped out and $239 million in long bets forced to unwind.
source: https://www.tradingview.com/news/stocktwits:4fb1d444a094b:0/
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